Commercial Vehicle Group Inc. (CVGI, Financial) filed Quarterly Report for the period ended 2012-09-30.
Commercial Vehicle Group, Inc. has a market cap of $220.2 million; its shares were traded at around $7.02 with a P/E ratio of 5.1 and P/S ratio of 0.3.
Gross Profit. Gross profit was approximately $26.4 million for the three months ended September 30, 2012 compared to $29.8 million in the three months ended September 30, 2011, a decrease of approximately $3.4 million. This decrease was primarily the result of the changes in revenues and cost of revenues discussed above. As a percentage of revenues, gross profit was 12.9% for the three months ended September 30, 2012 compared to 13.7% for the three months ended September 30, 2011.
Cost of Revenues. Cost of revenues consists primarily of raw materials and purchased components for our products, wages and benefits for our employees and other overhead expenses such as manufacturing supplies, rent and utilities costs related to our operations. Cost of revenues increased approximately $59.9 million, or 11.4%, to $583.9 million for the nine months ended September 30, 2012 from $524.0 million for the nine months ended September 30, 2011. This increase was primarily driven by an increase in raw material and purchased components costs of approximately $47.4 million, an increase in wages and benefits costs of approximately $5.9 million and an increase in other overhead costs of approximately $6.6 million to support increased production levels.
Gross Profit. Gross profit was approximately $100.6 million for the nine months ended September 30, 2012 compared to $82.2 million in the nine months ended September 30, 2011, an increase of approximately $18.4 million. This increase was primarily the result of the increase in revenues and cost of revenues discussed above. As a percentage of revenues, gross profit was 14.7% for the nine months ended September 30, 2012 compared to 13.6% for the nine months ended September 30, 2011.
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Commercial Vehicle Group, Inc. has a market cap of $220.2 million; its shares were traded at around $7.02 with a P/E ratio of 5.1 and P/S ratio of 0.3.
Highlight of Business Operations:
Cost of Revenues. Cost of revenues consists primarily of raw materials and purchased components for our products, wages and benefits for our employees and other overhead expenses such as manufacturing supplies, rent and utilities costs related to our operations. Cost of revenues decreased approximately $8.7 million, or 4.6%, to $178.4 million for the three months ended September 30, 2012 from $187.1 million for the three months ended September 30, 2011. This decrease was primarily driven by a decrease in raw material and purchased components costs of approximately $5.9 million and a decrease in wages and benefits costs of approximately $3.6 million, partially offset by an increase in other overhead costs of approximately $0.8 million.Gross Profit. Gross profit was approximately $26.4 million for the three months ended September 30, 2012 compared to $29.8 million in the three months ended September 30, 2011, a decrease of approximately $3.4 million. This decrease was primarily the result of the changes in revenues and cost of revenues discussed above. As a percentage of revenues, gross profit was 12.9% for the three months ended September 30, 2012 compared to 13.7% for the three months ended September 30, 2011.
Cost of Revenues. Cost of revenues consists primarily of raw materials and purchased components for our products, wages and benefits for our employees and other overhead expenses such as manufacturing supplies, rent and utilities costs related to our operations. Cost of revenues increased approximately $59.9 million, or 11.4%, to $583.9 million for the nine months ended September 30, 2012 from $524.0 million for the nine months ended September 30, 2011. This increase was primarily driven by an increase in raw material and purchased components costs of approximately $47.4 million, an increase in wages and benefits costs of approximately $5.9 million and an increase in other overhead costs of approximately $6.6 million to support increased production levels.
Gross Profit. Gross profit was approximately $100.6 million for the nine months ended September 30, 2012 compared to $82.2 million in the nine months ended September 30, 2011, an increase of approximately $18.4 million. This increase was primarily the result of the increase in revenues and cost of revenues discussed above. As a percentage of revenues, gross profit was 14.7% for the nine months ended September 30, 2012 compared to 13.6% for the nine months ended September 30, 2011.
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